Overview
In Deal, New Jersey, installing solar panels on your home can lead to significant financial savings over time. By looking at weather data and electricity costs specific to Deal, we can see just how much money you can save by going solar. With the right solar system, you’ll be able to break even on your investment quicker than you might think, making it a smart choice for anyone looking to save money on their electricity bills.
Deal New Jersey Weather Trends
Deal Precipitation
With Deal, New Jersey receiving 66.12 inches of precipitation in the last year, placing it in the 82nd percentile nationally and the 53rd percentile in the state, solar panels can still be incredibly efficient despite the slightly higher-than-average rainfall. The national average for total precipitation is 50.61 inches, and New Jersey’s average is 65.31 inches. Fortunately, the excess water can help keep solar panels clean and functioning optimally.
Deal’s UV Rating
Having an average UV rating of 3.96 in the last year, Deal ranks in the 43rd percentile in the nation and the 30th percentile in New Jersey. While not the sunniest spot, it is still a viable location for solar power. The national average for UV rating is 4.29, and New Jersey’s average is 4.04. With an average max UV rating of 4.09, there is plenty of sunlight for solar panels to produce electricity efficiently.
Deal’s Cloud Cover
With an average cloud cover of 45%, Deal positions itself in the 53rd percentile nationally and the 26th percentile in New Jersey. The national average for cloud cover is 44.46%, and New Jersey’s average is 45.99%. Despite some cloudy days, there are still plenty of sunny days to harness solar energy effectively. With a good mix of clear and cloudy days, solar panels can still generate substantial electricity savings.
Deal New Jersey Electricity Costs
Residents in Deal, New Jersey pay around $0.13/kw for electricity, ranking them in the 71st percentile nationwide and the 9th percentile in the state. Despite New Jersey’s average residential electricity cost of $0.16/kw, Deal’s lower-than-average cost makes solar panels an even more attractive option for long-term savings. Investing in solar panels now could lead to significant financial benefits in the future.
When could you expect to break even on a solar installation in Deal New Jersey?
Considering the weather and electricity costs in Deal New Jersey, let’s break down the investment in solar panels and see how long it would take to make up the initial cost.
First, let’s look at the weather data:
- Deal New Jersey receives more precipitation than the national average, but it still receives a good amount of sunlight for solar panels to be effective.
- The UV ratings in Deal New Jersey are slightly lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Deal New Jersey is around average for the country, with some fluctuations throughout the year.
Now, let’s consider the electricity costs:
- Residents in Deal New Jersey pay the national average for electricity, which is $0.13/kw.
With this information, let’s break down the costs:
- A standard solar system of 10kW costs $20,000.
- This system is expected to last between 25 and 30 years.
To find out how long it would take to break even on this investment, we need to calculate the annual savings from using solar power. Here’s how:
- The system generates electricity, reducing the amount needed from the grid.
- With Deal New Jersey’s electricity rates, there are savings to be had over time as compared to the national average.
After calculating the numbers, it appears that it would take approximately 8-10 years to cover the initial cost of the solar panels. This means that after 8-10 years, the savings on electricity bills will start to accumulate and repay the investment. Additionally, considering that solar panels have a long lifespan, the savings will continue for many years after the break-even point. Installing solar panels is a wise investment for both financial gain and environmental impact!
Investing in solar power in Deal New Jersey
Installing solar panels in Deal, New Jersey can lead to significant financial savings over time. By analyzing the weather data and electricity costs specific to the area, it is clear that solar panels are a smart investment for anyone looking to save money on their electricity bills. With abundant sunlight, reasonable precipitation levels, and slightly lower-than-average electricity costs, residents in Deal can expect to break even on their solar panel investment in approximately 8-10 years. Not only will solar panels help you save money, but they will also have a positive environmental impact for many years to come.